Private credit glossary · Data updated Oct 23, 2026
What is a revolving credit facility?
A revolving credit facility is a reusable credit line a borrower can draw, repay, and redraw as needed — the corporate equivalent of a credit card for smoothing working capital.
187
active Revolving Credit funds in this site's database
$5M–$50M
median confirmed check size, from 30 source-confirmed ranges
How it works
- Interest is paid only on the drawn amount, plus a small fee on the undrawn commitment.
- Often paired with a term loan or ABL structure from the same lender.
- Typically renewed annually or on multi-year terms.
When borrowers use it
- Seasonal cash-flow swings and payroll-to-receivables timing gaps.
- Companies that want standby liquidity for opportunistic moves.
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